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Terms Used In Illinois Compiled Statutes 65 ILCS 5/2-2-12

  • Contract: A legal written agreement that becomes binding when signed.
  • Personal property: All property that is not real property.
     Cities incorporated under this Code shall be bodies politic and corporate under the name of “City of (name),” and under that name may sue and be sued, contract and be contracted with, acquire and hold real and personal property for corporate purposes, have a corporate seal, changeable at pleasure, and exercise all the powers hereinafter conferred.